U.S. Department of the Treasury Releases Final Rules to Onshore Clean Energy Technologies, Strengthen Critical Minerals Supply Chains, and Expand U.S. Manufacturing Base as Part of Investing in America Agenda

Advanced Manufacturing Production Credit has contributed to more than $126 billion in clean energy manufacturing investment announced over last two years.WASHINGTON – Today, the U.S. Department of the Treasury and the IRS released final rules for the Advanced Manufacturing Production Credit (Section 45X of the Internal Revenue Code), to spur continued growth of U.S. clean energy manufacturing as part of President Biden and Vice President Harris’ Investing in America Agenda.The Advanced Manufacturing Production Credit helps to level the playing field for U.S. companies to onshore production of critical clean energy technologies like solar and wind components, batteries and energy storage, and critical minerals. The final rules announced today will expand America’s clean energy manufacturing base, create good-paying jobs, strengthen the nation’s energy security, and build the reliable and responsible supply chains needed to meet U.S.